If the quantity of capital per worker in the economy increases
A) the amount of money held by workers increases.
B) labor productivity increases.
C) the stock of human capital necessarily increases.
D) the stock of financial assets held by the public increases.
B
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If you were a member of the NBER business-cycle dating committee, would you declare that the U.S
economy is now in a recession? Why? Describe the major variables that you would look at to determine whether the economy is in a recession or not, and what features of the data you would look for.
Which of the following is an implicit cost of production?
A) interest paid on a loan to a bank B) wages paid to labor plus the cost of carrying benefits for workers C) the utility bill paid to water, electricity, and natural gas companies D) rent that could have been earned on a building owned and used by the firm